Mr. Cooper Group (NASDAQ:COOP) Price Target Increased to $90.00 by Analysts at Deutsche Bank Aktiengesellschaft

Mr. Cooper Group (NASDAQ:COOP) had its target price increased by investment analysts at Deutsche Bank Aktiengesellschaft from $88.00 to $90.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 13.98% from the stock’s previous close.

Several other brokerages have also issued reports on COOP. Wedbush lifted their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 price target (up previously from $86.00) on shares of Mr. Cooper Group in a research note on Thursday. Jefferies Financial Group lifted their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, Barclays boosted their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.22.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded down $2.76 during midday trading on Thursday, hitting $78.96. 256,469 shares of the company’s stock were exchanged, compared to its average volume of 479,259. Mr. Cooper Group has a 52-week low of $41.74 and a 52-week high of $81.98. The stock has a 50-day moving average price of $74.75 and a two-hundred day moving average price of $66.29. The company has a market cap of $5.15 billion, a P/E ratio of 10.75 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. The business had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $498.15 million. As a group, sell-side analysts expect that Mr. Cooper Group will post 9.01 earnings per share for the current year.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $78.09, for a total value of $1,952,250.00. Following the sale, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at $26,131,334.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Michael S. Weinbach purchased 17,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the acquisition, the president now owns 17,000 shares of the company’s stock, valued at $1,209,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $78.09, for a total value of $1,952,250.00. Following the completion of the sale, the chief executive officer now owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,000 shares of company stock worth $5,431,500. Corporate insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

Hedge funds have recently bought and sold shares of the stock. USA Financial Formulas acquired a new stake in Mr. Cooper Group during the 4th quarter worth about $25,000. GAMMA Investing LLC purchased a new position in Mr. Cooper Group in the 4th quarter valued at about $61,000. Quest Partners LLC purchased a new position in Mr. Cooper Group in the 4th quarter valued at about $61,000. Centaurus Financial Inc. acquired a new stake in Mr. Cooper Group in the 4th quarter valued at about $101,000. Finally, Headlands Technologies LLC raised its holdings in Mr. Cooper Group by 637.1% in the 4th quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock valued at $108,000 after acquiring an additional 1,427 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

About Mr. Cooper Group

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.